We usually call those who are on the list of dishonesty Lao Lai. These people are users of long-term arrears and malicious arrears. Due to the bad nature of the arrears of such users, it usually takes two to five years to be automatically deleted by the court after being blacklisted by the court, so the blacklist of "Lao Lai" is not permanent.

Lao Lai can also negotiate with the creditors and settle privately, and then the creditors will withdraw the lawsuit against Lao Lai. In this case, the court will also delete Lao Lai from the list of dishonesty. As long as creditors no longer pursue Lao Lai's arrears, there will be no such situation as Lao Lai.

Consequences of blacklist of credit information

1, unable to apply for loans in banks, microfinance companies and other financial institutions. Not only do you want to start a business with a loan, but your capital turnover also becomes futile. Even if you apply for a mortgage or car loan, you will be rejected. In modern society, owning a car and a house has become the standard of life. Imagine if you have a stable job and have the repayment ability, but you can't get a mortgage loan or a car loan from the bank because of your poor personal credit record. I think the whole person will collapse.

You can't apply for a credit card any more. If personal credit has a bad record, you can't get another credit card for personal daily consumption. It's the same in all banks, because all banks can check your credit history.

3. Affect personal travel. If personal credit records are blacklisted, for example, if there is malicious default on bank loans, they will be prosecuted by banks. It will prevent borrowers from flying and staying in star-rated hotels.

Behavior that will affect personal credit

1, three times in a year, and six times overdue repayment (credit card).

2. The monthly mortgage/car loan is overdue or has not been paid for 2-3 months.

3. After the loan interest rate is raised, the monthly payment fails to pay the raised interest, resulting in overdue interest.

4. The student loan is in arrears.

5. If the credit card is not activated, the annual fee will not be paid.

6, overdraft consumer credit cards, mortgage loans are not paid on time.

7. Providing guarantee for a third party, but the third party fails to repay the loan on time.

8. Economic disputes such as debts will affect credit records.

9. This person fraudulently uses his ID card to generate credit card arrears records.